Coca-Cola HBC (OTCMKTS:CCHGY) Downgraded to Hold Rating by Zacks Research

Key Points

• Coca-Cola HBC has been downgraded by Zacks Research from a "strong-buy" rating to a "hold" rating.
• Despite the downgrade, Coca-Cola HBC has received mixed ratings from other analysts, with two rating it as "Strong Buy" and three as "Buy."
• The stock currently trades at $50.34, with a 12-month high of $55.60 and low of $32.75, reflecting its recent performance in the market.

Coca-Cola HBC (OTCMKTS:CCHGY - Get Free Report) was downgraded by equities researchers at Zacks Research from a "strong-buy" rating to a "hold" rating in a research report issued on Wednesday, September 3rd,Zacks.com reports.

Several other equities analysts also recently weighed in on the company. Wall Street Zen downgraded Coca-Cola HBC from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 17th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Coca-Cola HBC in a research report on Friday, August 8th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy".

Coca-Cola HBC Price Performance

Coca-Cola HBC stock traded down $0.44 during mid-day trading on Wednesday, hitting $50.20. 359 shares of the company were exchanged, compared to its average volume of 8,018. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.95 and a current ratio of 1.17. The business's 50 day simple moving average is $52.33 and its two-hundred day simple moving average is $50.11. Coca-Cola HBC has a 12-month low of $32.75 and a 12-month high of $55.60.

Coca-Cola HBC Company Profile

Coca-Cola HBC AG engages in the production, distribution, and sale of non-alcoholic ready-to-drink beverages under franchise in Switzerland, the United Kingdom, North and Central America, rest of Europe, the Nordic countries, and internationally. The company offers sparkling soft drinks, adult sparkling, hydration drinks, juices, ready-to-drink tea and coffee, sports and energy drinks, dairy, stills, coffee, water, plant-based drinks, premium spirits, and snacks.